Darling Ingredients (NYSE:DAR) Shares Down 6.2% - Here's Why

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) fell 6.2% during mid-day trading on Wednesday . The stock traded as low as $39.34 and last traded at $39.26. 261,812 shares were traded during trading, a decline of 87% from the average session volume of 2,068,126 shares. The stock had previously closed at $41.85.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Stephens reaffirmed an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.22.

Darling Ingredients Trading Down 1.0 %

The company has a 50 day moving average of $36.21 and a two-hundred day moving average of $37.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a market capitalization of $6.23 billion, a PE ratio of 22.65 and a beta of 1.21.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in Darling Ingredients in the 4th quarter worth $25,000. Signaturefd LLC lifted its holdings in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. boosted its position in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock valued at $38,000 after buying an additional 288 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after buying an additional 721 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Darling Ingredients during the 3rd quarter valued at about $58,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.